Greatmark Investment Partners Inc. Purchases 662 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Greatmark Investment Partners Inc. increased its position in Air Products and Chemicals, Inc. (NYSE:APD) by 28.9% in the 4th quarter, Holdings Channel reports. The firm owned 2,955 shares of the basic materials company’s stock after buying an additional 662 shares during the quarter. Greatmark Investment Partners Inc.’s holdings in Air Products and Chemicals were worth $809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cape Cod Five Cents Savings Bank bought a new position in shares of Air Products and Chemicals during the third quarter valued at $376,000. Eos Management L.P. increased its stake in shares of Air Products and Chemicals by 26.2% in the fourth quarter. Eos Management L.P. now owns 27,558 shares of the basic materials company’s stock valued at $7,545,000 after buying an additional 5,727 shares in the last quarter. Roffman Miller Associates Inc. PA increased its stake in shares of Air Products and Chemicals by 3.6% in the fourth quarter. Roffman Miller Associates Inc. PA now owns 65,192 shares of the basic materials company’s stock valued at $17,850,000 after buying an additional 2,285 shares in the last quarter. BKM Wealth Management LLC acquired a new stake in shares of Air Products and Chemicals in the fourth quarter valued at $1,177,000. Finally, Bellwether Advisors LLC acquired a new stake in shares of Air Products and Chemicals in the third quarter valued at $501,000. 81.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Citigroup raised their target price on Air Products and Chemicals from $260.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. StockNews.com upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Monday, April 22nd. Wolfe Research started coverage on Air Products and Chemicals in a research report on Friday, March 1st. They issued an “outperform” rating and a $279.00 price objective for the company. JPMorgan Chase & Co. lowered their price objective on Air Products and Chemicals from $295.00 to $270.00 and set an “overweight” rating for the company in a research report on Tuesday, February 6th. Finally, Argus lowered Air Products and Chemicals from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $276.36.

Air Products and Chemicals Stock Up 0.5 %

NYSE:APD traded up $1.09 during trading hours on Monday, reaching $237.17. 799,997 shares of the stock were exchanged, compared to its average volume of 1,705,978. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $307.71. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.81 and a quick ratio of 1.58. The firm has a 50 day moving average of $237.14 and a 200 day moving average of $255.35. The stock has a market cap of $52.72 billion, a PE ratio of 22.53, a PEG ratio of 2.60 and a beta of 0.81.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Monday, February 5th. The basic materials company reported $2.82 earnings per share for the quarter, missing analysts’ consensus estimates of $3.00 by ($0.18). Air Products and Chemicals had a return on equity of 16.84% and a net margin of 18.82%. The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same period last year, the company earned $2.64 EPS. The company’s revenue was down 5.6% compared to the same quarter last year. On average, equities analysts expect that Air Products and Chemicals, Inc. will post 12.38 earnings per share for the current year.

Air Products and Chemicals Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.